The Rebound

As expected, STI rebounded 15.75 points today. There were some tussling during the session, but STI managed to stage a rebound. The day traders should be happy. Many of them must have scoop some good stocks at a dirt cheap price and then sell them off when the price went higher. The long terms investors may have done some bargain hunting as well. Long term, I mean you have to have the patience and a deep enough pocket for another 5-7 years, plus the opportunity cost.

For this newbie, I will just sit back and relax. Watch the STI go up and down. The show just began. There should be at least 20 episodes in the first season, and this is just Episode 1 of the 1st season.

Tomorrow is the last trading day before the long holiday season starts on 20 Dec 2007. Many people will be leaving for their holidays starting Thursday. The trading volumn is expected to be thin, STI should be stable at around its current level of 3360. However, that also depends on the response of the FED's auction of short-term bonds. The results will be available on 19 Dec (US time).

If anything that you can do, then it will be to get yourself familiar with warrants and Contract for Difference (CFD). Get your accounts ready. It will be nice to have some put warrants if the prices are right.

Disclaimer: Personal opinions only. Act on your own risks. No liabilities assumed.